Mixed market and command economic

Mixed market and command economic

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  •  Wait ,hey Tim I haven't seen you in a while, how have you been? 
  • Would you like to catch up since we have not seen each other in a while 
  • Oh hey Rose. I have been great, and how how you been.
  • Yea,I was just thinking that 
  • Yeah, but I don't know all the differences so could you tell me, and I can tell you about America economic.
  • After Rose and Tim talked about how they was doing and how their families are doing good. Then they got onto a conversation that went like this. 
  • I don't live here, i'm just over here for work, because i work for the government. I live in the U.S.A.  
  • Sure I will go first.
  • So, Rose how do you like living in Paris?
  • Oh yea i forget, well you know that I used to live in North Korea and very thing is very different.
  • Oh yeah, that sounds good, so would you like to go first?
  • Let's see where do I start. Well America has a mixed market economic. So within a mixed market economic we met a lot of economic goals, but the two most important goals we met is economic stability and economic freedom. The good thing about economic stability is that we know that if we need something from the store it will be there. Also another positive thing about the U.S.A economy is that we have economic freedom which means we can open our own business. Oh yeah and without the government butting in. Also with markets they make decisions on what to produce based on consumer demands, as well how to produce it the producer decides the most efficient way, and lastly when they try to figure out who to produce it for it's for people who are willing and able to afford it. So what about where you lived?
  • Well as you know I was in North Korea, but I got to escape and then I came here. In North Korea we didn't have anything like that. In North Korea they would we don't have a command economic, but we basically did have a command economic or very close to it. So in firstly we don't met a lot of economic goal like economic freedom, security, and stability.  I know what you are thinking right now, "how does North Korea not met economic security". In Korea we met it half way and what I mean by that is that the government does give us a job even if we don't like it or if it's not what you wanted. The way we didn't met economic security is the fact that we don't have a fall back plan and have only a little bit of health care. For a example if you got hurt on the job you had a big problem, because you won't be able to work to get money. Also in North Korea since you are given a job, we are not allowed to open our own business which is what economic freedom is. This all kind of plays a part in how we don't have economic stability. With stability it's supposed to be like what you said about how you know what you need will be there, but for us supplies could run out or it's just to expensive. Their are a lot of poor people that barely get help or food. So it's hard for some people over there, but there is a way to survive over there. The way is to agree with the leader, like almost worship him, even if it's out of fear, you will live a good life.   
  • When they was on their way out.
  • yeah, me too
  • Yeah, it was nice.
  • That sounds nice, well bye.
  • Okay, see you next time.
  • Wow now I see the whole different.
  • Bye, see you next time. 
  • Well I have to go now, it was nice to catch up.
  • How about this time we can stay in touch with each other 
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